Iraq’s Central Bank announced on Tuesday that the project to re-denominate the Iraqi Dinar, removing three zeroes, is close to completion.
According to the report from Alsumaria TV, the re-denomination project is believed to be a strategic plan that will be passed to the ministerial council and Parliament once complete.
A Central Bank’s advisor, Mothahhar Mohammed Saleh, said in a statement to the agency that the plan aims to reduce transactions costs and help people carry less money.
Iraq’s central Bank has managed during the past five years to reduce inflation rates from 34% to 3 or 4% and stabilize Iraqi Dinar exchange rate, he said.
In an earlier statement to Alsumaria News, he confirmed that the bank plans to remove three zeroes from the Iraqi Dinar, noting that the zeroes which were added to the Iraqi currency previously constituted a large money supply estimated at 27 trillion Iraqi Dinar.
Saleh revealed on the other hand that Iraq engages for the first time in banks payment system as it moved from manual to electronic clearance. The system includes six banks in addition to electronic deeds exchange, he said adding that the smart and credit cards will be bound to the central bank system.
Iraqi economists believe the re-denomination of Iraqi Dinar will not have a major influence on the purchasing power of the Iraqi Dinar “which the government has hopes high on it”.

http://www.iraq-businessnews.com/wp-content/uploads/2011/04/25000-dinar.gif

If anyone has any more info on this it would be useful :) and does this mean that 25,000 will equal 25 dinars ? and that if currently £1= 1900-2000 Iraqi Dinars does that mean it will soon be £1 = 1.9-2 Iraqi Dinars ?

isn't this old news ?

If anyone has any more info on this it would be useful :) and does this mean that 25,000 will equal 25 dinars ? and that if currently £1= 1900-2000 Iraqi Dinars does that mean it will soon be £1 = 1.9-2 Iraqi Dinars ?

if this does go ahead, then you can exchange your old 25,000 dinars for a new 25 dinars.

A word of warning for all the individuals taken in by the "Iraqi dinar revaluation scam" on the internet,

If you bought 1 million Iraqi dinars, it will be worth 1000 new Iraqi dinars and NOT 1 million new Iraqi dinars. You won't become a millionaire, you just lost 30%-50% of your cash in the scam "exchange rate" you were given.

isn't this old news ?

they were considering it before and this was the latest update on iraq business news

I don't get how people will be carrying less money? all the prices will be adjusted as well.. so if you carried 30 '25,000' ID notes with you,, you will still be carrying 30 '25' ID notes ..

I don't get how people will be carrying less money? all the prices will be adjusted as well.. so if you carried 30 '25,000' ID notes with you,, you will still be carrying 30 '25' ID notes ..

right now the currency is crazy, you pay like a thousand dinars for chewing gum or something but after the revaluation it'll be 1 dinar which is more realistic...i can't wait till this happens, the iraqi dinar has been pegged to the US dollar for too long, this way it'll give it time to appreciate and become strong again

right now the currency is crazy, you pay like a thousand dinars for chewing gum or something but after the revaluation it'll be 1 dinar which is more realistic...i can't wait till this happens, the iraqi dinar has been pegged to the US dollar for too long, this way it'll give it time to appreciate and become strong again

no. this thing makes absolutely zero sense, its purely to say that the dinar is "worth" teh same as a dollar, as if that is somehow a measure of a currency's "strength". Its all an excruciatingly retarded way of thinking that seems to exist to placate some misplaced sense of pride in currency denomination that iraqis have!!!

a better item to focus on, to reduce inflation in basics for the poor would be wider circulation of lower denomination coins (25 dinar, 50 dinar, 100 dinar coins) because the area where the poor are hit most is in buying a piece of bread, or 2-3 eggs, where the high denominations in circulation (the smallest currency in wide circulation is the 250 dinar - equal to $0.21!!!). That is the real currency problem in Iraq, not the three zeroes!

^^ exactly.. purchasing power doesn't improve in ANY WAY.. that's what I was trying to say in my last post..

^^ exactly.. purchasing power doesn't improve in ANY WAY.. that's what I was trying to say in my last post..

It will make transactions easier. And seriously having a currency with three 0's make us look like third world countries. Remove the zero's so it will "look" stronger.

^^ japan isn't a third world country ;)

yeah the 000 are in discussion to go also kurds want kurdish writing and some history written on the new ones, i think thats what is holding the process cos some iraqiya list memebers are opposing as usual. you really have to let us have more rights if you want us to stay part of iraq , shia bloc has already agreed :D.

i think thats what is holding the process cos some iraqiya list memebers are opposing as usual. you really have to let us have more rights if you want us to stay part of iraq

I think its only you guys from kurdistan on this forum that complain THIS much , I bet you no other kurdish person complains as much as yous on this forum :/

I think its only you guys from kurdistan on this forum that complain THIS much , I bet you no other kurdish person complains as much as yous on this forum :/

naah. that's not true. All the Kurds I know have the same series of complaints with regards to Iraq. The interests are never about Iraq as a whole, but about how something affects Kurdistan.

So this topic regarding the denomination of the Iraqi dinar and its effect on inflation. From a Kurdish perspective the only important thing is its "Kurdishness" and not the technical/economic details of the currency denominations.

kurs dont have control over the technical or ecenomical effects of the dinar the best thing they can do is try to make the dinar have some kurdishniess in it , btw iraqishi3 what you say about kurds on here isnt true that how all kurds think (ones live or lived in KR).

They could have the Kurds print their own Iraqi Dinars, like Scotland has a different, yet same, pound in the UK... :)

kurs dont have control over the technical or ecenomical effects of the dinar the best thing they can do is try to make the dinar have some kurdishniess in it , btw iraqishi3 what you say about kurds on here isnt true that how all kurds think (ones live or lived in KR).

Speak for yourself ;)

it shouldnt have much of an affect on prices of products in iraq, more psychological than anything. im all for it :D

me too...it also becomes easier to compare the dinar to other global currencies

Speak for yourself ;)

i was refering to kurds in KRG i wasn't speaking to you ;).

They could have the Kurds print their own Iraqi Dinars, like Scotland has a different, yet same, pound in the UK... :)

good idea see what will happen its been discussed atm.

as long as its an Iraqi dinar, it shouldn't matter if the write in Kurdish or have a Kurdish figure on the print of some of them. if anything it shows the variety of cultures in Iraq. lets just see if anything ends up happening about the iraqi dinar, since the same issue (000) was brought up some years ago and it just disappeared after a while.

^^ okay then, comeback again when that happens ;)

bye

A few days a go the government of Kurdistan published their own money, so people know how they would look like when they decide to go split from Iraq. So it doesn't matter anymore if they write in Kurdish on the Iraqi dinar, because we'll have our own money soon.


And a little notice for all you Arab guys who are discriminating us and ban us (don't why Kamaran have a ban, I'm pretty sure he got that ban because he's a Kurd from Kirkuk).

In the project section: 32 of the 35 projects are from Kurdistan.
You can do whatever you want to act like those things are progressing in your country Iraq, but at the end of the day everyone knows:

- Those projects belongs to the Kurdish people, not the Arab people. The Arab people of Iraq won't see anything of it, because more then 75% of the Arabs who wants to enter the KRG, are rejected. Only the Kurdish people will benefit from those projects, because our government is doing things for our people. They're not spending billions so their former killers can profit of it!

I'm sure that I'm getting a ban also, but you know... I am a Kurd. From the 4 Kurdish people on this forum, 2 are allready banned (don't know about Kurd123) and I'll be number three. While when an Arab member is insulting us, shouting un us, discriminating us, it takes more then a week till he gets a ban.

Go, act towards the other users on this forum like you're ''brothers with the Kurds'' and like you ''love the Kurds'', and that we are ''one country''.
All of that is untrue and I will never see an Arab as my brother, especially after the incidents on this forum. If 9 of 10 Arabs are acting like this towards Kurds, then I'm sure all Arabs are the same.

Only Sheytan was acting normal towards Kurds, and that's why he is 1 of the 10 Arabs who isn't discriminating Kurds. In real life I've seen Arabs also, but they were not so discriminating as you guys are. They were acting normal, but that's because they were Christians (who gets more help from the KRG, then from their own government!), some of them were old men who've seen a lot and doesn't want to discriminate anymore and some of them were Kurds who were raised up in Bagdad.

Now, do what ever you want. BigDreamer is giving a ban only when he wants and he gives to especially to Kurds, because he don't like us.


---
PS:
Thanks for posting all those progress in my country Kurdistan. When our defacto STATE becomes a full state, it will be easy for us to move them. When that times comes you will have your stupid stadiums only, of which 60%will be blowed up by terrorists. :)

It's comments like these that get's you banned you ignorant moron, it's always so easy to play the race card huh?!

FYI the only insult i ever encountered on this site was by Kurd123, saying the Feyli Kurds are forgotten just because i do not hold his views about Arabs and do not declare my "Kurdishness" enough whatever that means! Im sorry but with your attitude i fail to distinguish you from any hardcore Baathi (same S**T, different ethnicity)!

Have a good day!

When that times comes you will have your stupid stadiums only, of which 60%will be blowed up by terrorists. :)

just piss off man wtf was that for ? seriously u guys are so immature ! and u r so uneducated .. if u got a problem with us which ddnt tell u shit , and always respected u , u can go die .. and if u dnt like then too bad u can go dream of smthng .. Iraq will always be country .. and if Shias , sunnis , kurds , arabs , chritians or whoever doesnt like , they can can just keep dreaming ..

if ull keep acting like ull get a ban trust me ... and ur rlly getting our nerves ..
i thnk ill get a ban cus of u if u keep acting like that !!!!

this discrimination lies never get old with these guys.

why is it that Baghdad_sara (who happens to be a kurdish user) is one of our most respected and valued forumers?

I dont ever recall anyone saying discriminatory remarks to her. In fact except for MrIraq who was banned.. no one here ever said anything racist towards any kurdish users.

ww2boy lies are offensive and pathetic :nuts:

this discrimination lies never get old with these guys.

why is it that Baghdad_sara (who happens to be a kurdish user) is one of our most respected and valued forumers?

I dont ever recall anyone saying discriminatory remarks to her. In fact except for MrIraq who was banned.. no one here ever said anything racist towards any kurdish users.

ww2boy lies are offensive and pathetic :nuts:

Yeah i think most people experienced his wrath lol im glad he's gone but the "we are being discriminated against because we are different to you" folks are just as annoying! Seriously guys this is a forum for projects, if you want a strictly Arab forum or a Kurdish forum, go elsewhere!

I think this is gheeba, and its surely against my relijion. Can we please stop talking about people behind their backs.

بسم الله الرحمن الرحيم
أيحب أحدكم أن يأكل لحم أخيه ميتا فكرهتموه


cmon guys, yalla everything is over and gone. kafii please.

^^ Let them say whatever they want to say dont even pay attention to them :rant: :rant: :blahblah::blahblah:

^^ Let them say whatever they want to say dont even pay attention to them :rant: :rant: :blahblah::blahblah:

i like these, :rant: :rant: :blahblah::blahblah: :rant: :rant: :blahblah::blahblah:

wallah they are soo cool ^

m))

A few days a go the government of Kurdistan published their own money, so people know how they would look like when they decide to go split from Iraq. So it doesn't matter anymore if they write in Kurdish on the Iraqi dinar, because we'll have our own money soon.


And a little notice for all you Arab guys who are discriminating us and ban us (don't why Kamaran have a ban, I'm pretty sure he got that ban because he's a Kurd from Kirkuk).

In the project section: 32 of the 35 projects are from Kurdistan.
You can do whatever you want to act like those things are progressing in your country Iraq, but at the end of the day everyone knows:

- Those projects belongs to the Kurdish people, not the Arab people. The Arab people of Iraq won't see anything of it, because more then 75% of the Arabs who wants to enter the KRG, are rejected. Only the Kurdish people will benefit from those projects, because our government is doing things for our people. They're not spending billions so their former killers can profit of it!

I'm sure that I'm getting a ban also, but you know... I am a Kurd. From the 4 Kurdish people on this forum, 2 are allready banned (don't know about Kurd123) and I'll be number three. While when an Arab member is insulting us, shouting un us, discriminating us, it takes more then a week till he gets a ban.

Go, act towards the other users on this forum like you're ''brothers with the Kurds'' and like you ''love the Kurds'', and that we are ''one country''.
All of that is untrue and I will never see an Arab as my brother, especially after the incidents on this forum. If 9 of 10 Arabs are acting like this towards Kurds, then I'm sure all Arabs are the same.

Only Sheytan was acting normal towards Kurds, and that's why he is 1 of the 10 Arabs who isn't discriminating Kurds. In real life I've seen Arabs also, but they were not so discriminating as you guys are. They were acting normal, but that's because they were Christians (who gets more help from the KRG, then from their own government!), some of them were old men who've seen a lot and doesn't want to discriminate anymore and some of them were Kurds who were raised up in Bagdad.

Now, do what ever you want. BigDreamer is giving a ban only when he wants and he gives to especially to Kurds, because he don't like us.


---
PS:
Thanks for posting all those progress in my country Kurdistan. When our defacto STATE becomes a full state, it will be easy for us to move them. When that times comes you will have your stupid stadiums only, of which 60%will be blowed up by terrorists. :)

WTF !? why come and comment things like these ... You dont deserve to be Iraqi ... Iraqi people have pride in their country ... what you said was totally out of order and you are simply asking to get banned. You and kamran say things like these then say "why did I get banned ? you are all racist against kurds". I know kurds that have alot more respect for Iraq and wallah they are like the nicest people ... I dont know whether you should be even called a kurd because kurds are nice and you are acting like a %^@$ ! I hope you never come back on this forum and take your trolling friends with you ... inshallah we never see you again :)

Interesting Article:
Redenomination and the Spinal Tap fallacy

Fans of the “rockumentary” This is Spinal Tap will recall the scene where the band’s guitarist explains that his amplifiers are louder because their volume knobs “go to eleven.” When asked why this is different from having ten as the highest setting, he simply repeats “these go to eleven.”
Most of us have no trouble understanding that changing the units used to measure something does not change the character of the thing being measured. A day doesn’t get longer if you keep track of time in minutes instead of hours, four quarts isn’t more than one gallon, and paying for something in pennies instead of dollars doesn’t make it more expensive.
Yet somehow people continue to claim that a redenomination of the Iraqi currency will have important economic effects. (See this story.) Replacing all the dinars currently in circulation with new ones at a rate of 1,000 to one, thereby “knocking off three zeros,” is supposed to reduce the money supply, for example. Instead of the commercial banks holding 27 trillion dinars as central bank reserves, they will “only” have 27 billion. People won’t have to carry as much money once all the thousand dinar bills have been replaced by one dinar bills. And so on.
It would obviously be ridiculous to insist that an amp that “only” goes to ten would be softer than one that “goes to eleven.” Isn’t the claim that it matters how many zeros there are on a bank note an example of the same fallacy?
Source:http://www.iraq-businessnews.com/2011/04/20/redenomination-and-the-spinal-tap-fallacy/
http://www.iraq-businessnews.com/wp-content/uploads/2011/04/Dinar-redenomination1.jpg

thanks iraqisi3i for some sensible article on the matter!

the only problem with the iraqi dinar is hte lack of small denominations!

And a little notice for all you Arab guys who are discriminating us and ban us (don't why Kamaran have a ban, I'm pretty sure he got that ban because he's a Kurd from Kirkuk).



Seriously ? are you serious with you stupid comments ? didn't you notice all the spamming he did ? how idiot could you be to say that ? Do you think we care about your kirkuk?

sorry i have to respond...

A few days a go the government of Kurdistan published their own money, so people know how they would look like when they decide to go split from Iraq. So it doesn't matter anymore if they write in Kurdish on the Iraqi dinar, because we'll have our own money soon.


And a little notice for all you Arab guys who are discriminating us and ban us (don't why Kamaran have a ban, I'm pretty sure he got that ban because he's a Kurd from Kirkuk).

In the project section: 32 of the 35 projects are from Kurdistan.
You can do whatever you want to act like those things are progressing in your country Iraq, but at the end of the day everyone knows:

- Those projects belongs to the Kurdish people, not the Arab people. The Arab people of Iraq won't see anything of it, because more then 75% of the Arabs who wants to enter the KRG, are rejected. Only the Kurdish people will benefit from those projects, because our government is doing things for our people. They're not spending billions so their former killers can profit of it!

I'm sure that I'm getting a ban also, but you know... I am a Kurd. From the 4 Kurdish people on this forum, 2 are allready banned (don't know about Kurd123) and I'll be number three. While when an Arab member is insulting us, shouting un us, discriminating us, it takes more then a week till he gets a ban.

Go, act towards the other users on this forum like you're ''brothers with the Kurds'' and like you ''love the Kurds'', and that we are ''one country''.
All of that is untrue and I will never see an Arab as my brother, especially after the incidents on this forum. If 9 of 10 Arabs are acting like this towards Kurds, then I'm sure all Arabs are the same.

Only Sheytan was acting normal towards Kurds, and that's why he is 1 of the 10 Arabs who isn't discriminating Kurds. In real life I've seen Arabs also, but they were not so discriminating as you guys are. They were acting normal, but that's because they were Christians (who gets more help from the KRG, then from their own government!), some of them were old men who've seen a lot and doesn't want to discriminate anymore and some of them were Kurds who were raised up in Bagdad.

Now, do what ever you want. BigDreamer is giving a ban only when he wants and he gives to especially to Kurds, because he don't like us.


---
PS:
Thanks for posting all those progress in my country Kurdistan. When our defacto STATE becomes a full state, it will be easy for us to move them. When that times comes you will have your stupid stadiums only, of which 60%will be blowed up by terrorists. :)

wtf are you talking about you F****** moron.

''When that times comes you will have your stupid stadiums only, of which 60%will be blowed up by terrorists.'' :), yeah you are very funny, please go to your stupid kudish forum where you got bullied, trolled, YOU deserved to be bullied. you are the only kurdish member that i hate. all what you are saying is crap. you are so stupid , your brain is just ****** up. you tried to provoke me(us) and it worked.....


Sorry BigDreamer, i had to respond, i almost broke my laptop because of this crap comment he is just killing me with his comments

If loads of people report his comment does he get a ban ?

I gave him one last chance to fix what he did and apologize , lets see what he will do

yeah the 000 are in discussion to go also kurds want kurdish writing and some history written on the new ones, i think thats what is holding the process cos some iraqiya list memebers are opposing as usual. you really have to let us have more rights if you want us to stay part of iraq , shia bloc has already agreed :D.

Sorry for not pointing this out before but there are Kurdish references on the Iraqi dinar such as:

http://upload.wikimedia.org/wikipedia/commons/d/d6/25000_Iraqi_dinar_front.jpg

25,000 dinars---A Kurdish farmer holding a sheaf of wheat

http://upload.wikimedia.org/wikipedia/commons/b/b6/5000_Iraqi_dinar_front.jpg

5,000 dinars---Gelî Ali Beg and its waterfall

Removing Zeros from Iraqi Dinar to Start in Sept

BAGHDAD, Feb. 20 (AKnews) - The process of removing three zeros from the Iraqi dinar and replacing current banknotes with new ones will begin in September, announced the economic committee of the Council of Representatives as part of an agreement with the Iraqi Central Bank (ICB).

The announcement, which will see the ICB re-print 30tr dinars ($26bn), was made despite government fear over the project.

Economic committee member Abdul-Hussein Abtan said: "The agreement includes granting the process of switching currency [for a] full year where [both the] old and new currencies will be dealt in the market during this stage."

The ICB described the project as a positive move for the Iraqi economy. But particular arms of government expressed fear that the project will increase cases of money laundering and are working to convince the ICB to stop the process. The securities committee said deletion of the zeros will affect negatively financial trading in the stock market.

Abtan added however that the process "will contribute to dealing [with] inflation and facilitating economic cooperation with international banks and reducing social differences in the community."

The ICB previously said that it will consider the requirements of the project with the Council of Ministers to determine whether or not a law needs to be implemented.

The financial committee of the Council of Representatives said on Sunday that the passing of such law would allow Iraq to address economic inflation.

The move to delete the zeros will reduce the number of bank notes in circulation and simplify Iraq's payment system.

The ICB is responsible for maintaining price stability, implementing monetary policy and regulating the banking sector.

_____________________________


Was just reading all these previous posts...

I've read an article stating that the new currency will have three languages. Arabic,English and Kurdish.

With the mentality coming from some kurdish users here, I hope they don't use any kurdish.

Besides its, fairly unlikely they will after all the issues happening between the central government and the regional government.

lool was just about to post this ;) but :dj::dj::dance::dance::dance: great news :D

Great news!! This is what I've been waiting for! Cant wait till they start..

wow, thats surprisingly early

They should add syriac/aramaic language.. Its more original for iraq

^^ yes, but they are not official languages

Yeh sadly not.. Maliki sepposedly said that hes going to make it official.

awesome news! can't wait to see the new dinars :)

does this mean the dinar will not longer be pegged to the US dollar?

technically it was unpegged about a month or so ago

I heard from Al Iraqiya that beginning of next year the printing of new money will start. He also said that that the new money will include 3 languages, Arabic, Kurdish and English. He also said that some of them will have pictures of historical sites of kurdistan region and off course the 3 stupid zeros will be deleted.

I hope they use polymer notes like the ones we have here in Australia and NZ.

I hope they use polymer notes like the ones we have here in Australia and NZ.

Yes especially for the big bills, they're like impossible to copy. I hope the use it for anything over $20

We will start printing a new currency, we'll put some Kurdish writing, and few years after the currency will have to be changed again after the separation of Kurdistan.
Kurdistan will be an independent state, whether we like or not. Just give them their lands, and make the oil rich areas like Kirkuk a neutral & demilitarized zone, controlled by international forces provided by the UN. The oil & gas should be shared by Arabs & Kurds, just like the constitution says.
If we keep acting on the basis we are all brothers (when a large portion of Kurdish/Arab youth consider that a joke), we will be heading towards a civil war.
Its either the battle of Kirkuk or the independent region of Kirkuk.

We will start printing a new currency, we'll put some Kurdish writing, and few years after the currency will have to be changed again after the separation of Kurdistan.
Kurdistan will be an independent state, whether we like or not. Just give them their lands, and make the oil rich areas like Kirkuk a neutral & demilitarized zone, controlled by international forces provided by the UN. The oil & gas should be shared by Arabs & Kurds, just like the constitution says.
If we keep acting on the basis we are all brothers (when a large portion of Kurdish/Arab youth consider that a joke), we will be heading towards a civil war.
Its either the battle of Kirkuk or the independent region of Kirkuk.

Lol silly you! you are so funny btw

We will start printing a new currency, we'll put some Kurdish writing, and few years after the currency will have to be changed again after the separation of Kurdistan.
Kurdistan will be an independent state, whether we like or not. Just give them their lands, and make the oil rich areas like Kirkuk a neutral & demilitarized zone, controlled by international forces provided by the UN. The oil & gas should be shared by Arabs & Kurds, just like the constitution says.
If we keep acting on the basis we are all brothers (when a large portion of Kurdish/Arab youth consider that a joke), we will be heading towards a civil war.
Its either the battle of Kirkuk or the independent region of Kirkuk.


I have a better idea, the shitte government arms up the sunni arabs ansd leash them on the sunni kurds, then we will have the oil, demilitarized zone and kirkuk for ourselves! yaay!

arms up the sunni arabs

Lol thats enought to make me shiver lol :P

Lol silly you! you are so funny btw

It won't be so funny when the 1,000,000 Iraqi soldiers start fighting the 200,000 Peshmerga in Kirkuk.
Arabs are not giving Kirkuk to the Kurds, at least not without a fight. The Kurds on the other hand will never leave Kirkuk under the control of the central government, unless the Iraqi military forces them to do so.
Simple facts.

I have a better idea, the shitte government arms up the sunni arabs ansd leash them on the sunni kurds, then we will have the oil, demilitarized zone and kirkuk for ourselves! yaay!
Sunni Arabs will never take orders from a government that doesn't represent them. The Sa7wa militias would rather shoot PM Maliki than to take orders from him.

Arabs are weak & divided, and the Kurds know that & they are planning to use it. The issue of vice president Hashemi is an excellent example. The Kurds are providing refuge to a suspected terrorist just to incite the sectarian tensions between Sunnis & Shiites, and also to make Sunnis see the advantage of having a federal region of their own. Obviously this will only fuel the hatred.
And in case Shiite-Sunni struggle starts all over again, the Kurds will cease that moment to declare independence and force a referendum in the disputed territories, especially Kirkuk, thereby annexing these regions to the new republic of Kurdistan. The Iraqi constitution & any other agreement concerning the oil & gas revenues will be considered obsolete.

Sunni Arabs will never take orders from a government that doesn't represent them. The Sa7wa militias would rather shoot PM Maliki than to take orders from him.

Arabs are weak & divided, and the Kurds know that & they are planning to use it. The issue of vice president Hashemi is an excellent example. The Kurds are providing refuge to a suspected terrorist just to incite the sectarian tensions between Sunnis & Shiites, and also to make Sunnis see the advantage of having a federal region of their own. Obviously this will only fuel the hatred.
And in case Shiite-Sunni struggle starts all over again, the Kurds will cease that moment to declare independence and force a referendum in the disputed territories, especially Kirkuk, thereby annexing these regions to the new republic of Kurdistan. The Iraqi constitution & any other agreement concerning the oil & gas revenues will be considered obsolete.

Yeah that must be it. Because prosecuting someone like Hashimi with influence in the sunni community will not result in an increase of tensions between the Sunni and Shia. Yeah.

Sunni Arabs will never take orders from a government that doesn't represent them. The Sa7wa militias would rather shoot PM Maliki than to take orders from him.

Arabs are weak & divided, and the Kurds know that & they are planning to use it. The issue of vice president Hashemi is an excellent example. The Kurds are providing refuge to a suspected terrorist just to incite the sectarian tensions between Sunnis & Shiites, and also to make Sunnis see the advantage of having a federal region of their own. Obviously this will only fuel the hatred.
And in case Shiite-Sunni struggle starts all over again, the Kurds will cease that moment to declare independence and force a referendum in the disputed territories, especially Kirkuk, thereby annexing these regions to the new republic of Kurdistan. The Iraqi constitution & any other agreement concerning the oil & gas revenues will be considered obsolete.

Wtv makes you happy Mr.conspiracy, this is not a political forum so go discuss this somewhere else...:lol:

Yeah that must be it. Because prosecuting someone like Hashimi with influence in the sunni community will not result in an increase of tensions between the Sunni and Shia. Yeah.

Many other influential figures in the Sunni community were also persecuted, like Mohammed Al-Dainy, Adnan Al-Dulaimi & 7arith Al-Thari, who were eventually forced into exile. In addition, Sali7 Al-Mutlag & Mish3an Al-Juboori faced many serious charges, & later on they were found innocent.

My point here is: What is so special about Hashemi? Why did he have to be different from all the people mentioned above? Where was the Kurdish leadership when those people were persecuted? If the Kurds are so keen on protecting Sunni Arabs from Maliki/Shiite persecution, why didn't they intervene earlier?
Let's take Al-Dainy's case for example, when many international organizations accused the government & PM Maliki personally of fabricating the charges against him. The Kurdish leadership would have been justified one way or the other in protecting such person.

Even if we assume that the Kurdish leadership is honest about protecting the Sunnis & maintaining balance between the two factions, this isn't enough. The important question here is: Why? What is the KRG's motive for protecting Hashemi? For example, I don't think Hashemi should be persecuted either (at least not now, especially after the fiery statements of Erdogan & others), simply because I don't want a civil war to start because of one man. That's why I would tolerate the presence of a terrorist & a killer in exile, because it's better than risking a civil war in such a critical time. Why? Because I Iraq is my country & I care about the lives of my people. In contrast, the Kurdish leadership is just using the Hashemi issue to twist the arm of the central government, so it can get more concessions from Baghdad. See the difference?

If I got that wrong, then I would really appreciate it if someone would correct me, because I honestly can't think of any other logical explanation.

^^ the matter of hashemi is one of timing and convenience for the KRG, it's just another card at the hands of barazani..

in anycase, let's not derail the thread.. please use the politics thread etc

Iraq halts plans to cut zeros off dinar currency-cabinet

BAGHDAD, April 12 (Reuters) - Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.

The central bank said last August it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.

The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.

On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar "until further notice".

"The economic committee discussed this issue and so did cabinet ... There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this," cabinet secretary Ali al-Alaq told Reuters.

Iraq is slowly getting back on its feet after years of war and sanctions. Oil accounts for 95 percent of government revenues and the country's banking system is still highly underdeveloped.

HUGE PROCESS

The central bank has kept the dinar fixed at 1,170 dinars to the dollar in its daily auction but it recently moved to revalue the dinar slightly to 1,166 dinars after demand for the U.S. currency soared.

The central bank said it also had to tighten regulations over who can participate in the auctions as Iraqi traders sought to snap up dollars for resale in neighbouring Syria and Iran, both under Western economic sanctions.

Sales of dollars in currency auctions held by Iraq's central bank rose as high as $400 million on some days in December from a previous average of $150 million, according to central bank data.

"We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently," Alaq said.

The central bank says Iraq's large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.

Finally, some one with a brain decided to do something about this madness..